Enbridge Energy Management, L.L.C. (NYSE:EEQ) has earned an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $13.00.

Several research firms have recently issued reports on EEQ. Zacks Investment Research cut shares of Enbridge Energy Management from a “buy” rating to a “hold” rating in a report on Wednesday, October 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $12.00 price objective on shares of Enbridge Energy Management in a report on Wednesday, August 8th. Finally, ValuEngine upgraded shares of Enbridge Energy Management from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd.

Shares of Enbridge Energy Management stock remained flat at $$10.76 on Monday. 555,851 shares of the stock traded hands, compared to its average volume of 1,052,532. Enbridge Energy Management has a twelve month low of $8.38 and a twelve month high of $14.81.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Stockholders of record on Wednesday, November 7th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 13.01%. The ex-dividend date of this dividend is Tuesday, November 6th.

Several institutional investors have recently bought and sold shares of EEQ. Franklin Square Holdings L.P. bought a new position in shares of Enbridge Energy Management in the second quarter valued at approximately $339,000. Sei Investments Co. boosted its holdings in shares of Enbridge Energy Management by 13,648.0% in the second quarter. Sei Investments Co. now owns 37,532 shares of the oil and gas producer’s stock valued at $385,000 after acquiring an additional 37,259 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in shares of Enbridge Energy Management by 13,838.6% in the second quarter. BNP Paribas Arbitrage SA now owns 51,991 shares of the oil and gas producer’s stock valued at $533,000 after acquiring an additional 51,618 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in Enbridge Energy Management by 432.9% during the second quarter. Fox Run Management L.L.C. now owns 53,708 shares of the oil and gas producer’s stock worth $551,000 after buying an additional 43,629 shares in the last quarter. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in Enbridge Energy Management during the second quarter worth approximately $586,000. Institutional investors and hedge funds own 76.22% of the company’s stock.

About Enbridge Energy Management

Enbridge Energy Management, LLC, through its limited partner interests in Enbridge Energy Partners, L.P., owns and operates a portfolio of crude oil transportation systems in the United States. Its principal crude oil system is the pipeline transporter of oil production from western Canada and the North Dakota Bakken formation.

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